Real Estate Investing in Richmond, Texas (77407)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 77407 (Richmond, TX)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Richmond, TX (77407)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 77407 Richmond
This part of Fort Bend County is not an easy win. The 77407 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 77407 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 77407 and stronger Richmond ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 77407 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategy in 77407 is an operator game, not a passive one. In practical terms, entry prices of $379K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Richmond:
Property Strategy for 77407
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $310,628 | $2,850 | 6.6% | +7.0% | $103,543 |
| 4BR | $402,246 | $3,560 | 6.4% | +7.0% | $100,562 |
| 5BR | $554,162 | — | — | +8.1% | $110,832 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 77407 Compare?
| Metric | 77407 | Richmond | Houston-The Woodlands-Sugar Land, TX | Texas |
|---|---|---|---|---|
| Home Value | $379,040 | $401,199 | N/A | $297,000 |
| 5-Year CAGR | 3.6% | 3.7% | N/A | 5.4% |
| Avg Rent | $1,725 | $1,782 | N/A | - |
| Cap Rate | 3.6% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 77407 (Richmond, TX). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 77407 (Richmond, TX)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $379,040 |
| Monthly Rent | $1,725 |
| Price-to-Rent | 18.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | -0.5% ▼ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +2.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 77407
Population: 81,459
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 77407
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Are homes affordable in Richmond, TX?
In Richmond, TX the median home value sits at $379K. Against the broader TX market, that reads as reasonable for most investors.
Does Richmond, TX favor landlords or tenants?
TX ranks as a landlord-friendly state for landlord-tenant law. Richmond generally follows the statewide framework, so landlords face reasonable operating rules.
What kind of tenants rent in Richmond, TX?
The tenant pool in Richmond, TX is solid, supported by local employment and population fundamentals. Rents of $1,725/mo are well-absorbed by the market.
Do landlords face vacancy issues in Richmond, TX?
Richmond, TX sees elevated vacancy, which is reasonable relative to the broader TX rental market.
Can owner-occupants cash flow in Richmond, TX?
For house hackers, Richmond, TX is a challenging. The $1,725/mo rent on a unit helps defray the mortgage on a $379K property.
You know 77407 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 77407 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 77407 ranks in Houston-The Woodlands-Sugar Land, TX
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 77407 (Richmond)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 77407 (Richmond, TX).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.